News: EDV Endeavour Group Reports FY Profit Attributable A$495 Million

Aug 23 (Reuters) - Endeavour Group Ltd (EDV) :

• FY PROFIT ATTRIBUTABLE A$495 MILLION VERSUS A$445 MILLION
• FY REVENUE FROM SALE OF GOODS AND SERVICES A$11,597 MILLION VERSUS A$11,595 MILLION
• DECLARES FINAL DIVIDEND 7.7 AU CENTSPER SHARE
• IN F23, WE EXPECT SOME OF THOSE RETAIL GAINS TO UNWIND AND HOTELS TO RECOVER
• EXPECT INFLATION WILL REMAIN ELEVATED, PUTTING UPWARD PRESSURE ON WAGES, COST OF GOODS AND SUPPLY CHAIN COSTS
• WILL MANAGE INFLATION IMPACTS THROUGH MEASURED COST RECOVERY, DISCIPLINED COST MANAGEMENT
• EXPECT RETAIL MARKET WILL CONTINUE TO RETURN TO NORMAL OVER COURSE OF F23
• OVER FIRST SEVEN WEEKS OF NEW FY, SEEN CONTINUED RECOVERY IN HOTELS' TRADING RESULTS
• RETAIL SALES IN FIRST SEVEN WEEKS OF FY23 UP 12.7% VS FY20